Exhibit 99

OFG Bancorp Reports 2Q13 Results

SAN JUAN, Puerto Rico, July 22, 2013 – OFG Bancorp (NYSE: OFG) reported today results for the second quarter ended June 30, 2013.

2Q13 Financial Summary

·         Income available to common shareholders increased to $34.1 million, or $0.68 per share diluted, compared to $13.8 million, or $0.34 per share, in the second quarter of 2012, and $17.7 million, or $0.37 per share, in the first quarter of 2013.

·         Net Interest Margin was 5.56% compared to 4.71% in the preceding quarter.

·         Second quarter results reflect the positive impact of a $37.0 million reduction in tax provisions stemming from the increase in deferred tax assets as a result of enactment during the quarter of amendments to the Puerto Rico Income Tax Code (the “Tax Code Amendments”),and a $2.1 million recovery from the sale of a claim in the Lehman Brothers bankruptcy.

·         The quarter’s results also reflect the negative impact of $21.0 million in additional provision for loan and lease losses due to reclassification to held-for-sale of $59.0 million of non-performing residential mortgage loans, $7.1 million in additional amortization of the FDIC Indemnification Asset from stepped up cost recoveries on certain loan pools, and $5.3 million in planned integration expenses.

·         For the six months ended June 30, 2013, income available to common shareholders increased to $51.8 million, or $1.05 per share diluted, compared to $23.2 million, or $0.57 per share, in the year ago period.

CEO’s Comment

“The second quarter was an excellent one for OFG Bancorp,” said José Rafael Fernández, President, Chief Executive Officer and Vice Chairman of the Board. “Our results,both organic and with the quarter specific items, were strong.”

“Strategically, Oriental is growing in Puerto Rico as a major player with a solid track record for consistent, quality service in retail and commercial banking and financial services. Operationally, we are demonstrating our ability to smoothly integrate OFG and the former BBVA-PR businesses into a larger, more effective platform.

“During the quarter, we saw record levels of loan income and production, wealth management and banking fee income, and retail and commercial deposits. Reclassifying substantially all non-performing residential loans that Oriental originated prior to 2009 as held-for-sale has increased our ability to further enhance our already strong credit quality.

“Taking into consideration our higher tax rate, the DTA benefit, and the increase in provision related to moving the non-performingloans to held-for-sale, our original guidance of $1.40 GAAP EPS is now $1.55. Second half core business indicators look promising, with continued growth virtually across the board.”

2Q13 Income Statement Analysis

Net Interest Income

·         Interest income from loans increased 14.0% from the preceding quarter, to a record $114.6 million, while interest income from investments of $11.2 million declined 14.8%. The foregoing resultsreflect OFG's strategic decision last year to focus its growth on higher yielding loans and sharply reduce the size of its investment portfolio when interest rates were at record low levels.

·         Deposit interest expense of $10.0 million declined 4.8% from the preceding quarter, reflecting continued reductions in the cost of deposits on larger balances. Due to reduced reliance on wholesale funding,interest expense from borrowings of $10.5 million was 1.0% less than the preceding quarter.

·         Consequently, net interest income increased 13.8% from the preceding quarter, to $105.4 million.

·         Excluding the previously mentioned net impact of $21.0 million for reclassifying non-performing loans (NPLs) to held-for-sale, the provision for loan and lease losses was $17.7 million compared to $8.6 million in the preceding quarter. The increase is primarily due to higher levels of loan production, lower collateral value on certain loans, and a reserve on an impaired loan.

Non-Interest Income

·         Total bank and wealth management revenues increased 3.0%from the preceding quarter,to a record $24.0 million, reflecting the expansion of services to OFG’s larger client base.

·         Trust assets managed at June 30, 2013of $2.6 billion increased 1.7% from the preceding quarter and broker dealer assets gathered of $2.8 billion were up 1.1%,both reflecting organic growth and higher market values of customer assets.

·         Non-core, non-interest items totaled ($16.1) million compared to ($12.1) million in the first quarter of 2013. The difference includes the aforementioned $7.1 million in additional net amortization of the shared-loss indemnification asset related to the 2010 FDIC-assisted Eurobank acquisition.

·         Non-core, non-interest items also included the previously mentioned $2.1 million gain from the sale of OFG’s claim in the Lehman Brothers bankruptcy.

Non-Interest Expenses & Taxes

·         Operating expenses of $63.5 million increased from $61.3 million from the preceding quarter. The increase primarily reflects the$2.0 million impact for the first and second quarters’application of the new 1.0% tax on gross revenues which waspart of the Tax Code Amendments.

·         Merger and restructuring costs totaled $5.3 million as compared to $5.5 million in the preceding quarter, which included $3.7 million for the previously disclosed termination of an external loan servicing contract in the first quarter of 2013. Total integration expenses are projected to be around $8.5 million in 2013.

·         Income tax benefit of $31.9 million includes three items: (i) the previously mentioned $37.0 million benefitfrom an increase in OFG’s Deferred Tax Asset as a result of the Tax Code Amendments, which raised corporate income taxes to 39% from 30%; (ii) second quarter 2013 income taxes at OFG’s effective rate of 35.5%; and (iii) an amount to bring the first quarter 2013’s effective rate up to 35.5%, from the previously reported 25.2%.

June 30, 2013 Balance Sheet Analysis

Loans & Deposits

·         The non-covered loan portfolio declined $200.2 million, to $4.6 billion, from the first quarter of 2013 primarily due to the early pay down of some commercial loans and reclassification of the aforementioned NPLs to held-for-sale.

·         Consolidated loan production increased 19.0% from the preceding quarter, to a record $327.0 million. The foregoing reflects production increases of 41.0% in commercial loans, 31.3% in residential mortgage loans, and 17.8% in consumer loans. Auto loan production declined 6.2%, reflecting seasonal trends.

·         Net loans covered under loss share agreements with the FDIC continued to pay down, declining 2.7%, from the first quarter of 2013, to $369.4 million.

·         Deposits increased 2.9% from the preceding quarter, to a record $5.7 billion. Despite the consolidation of eight branches during the quarter, retail deposits increased 6.7% and commercial deposits increased 8.7% from the first quarter of 2013.

Investment Securities & Borrowings

·         Investment securities totaled $1.9 billion, down 9.2% from the first quarter of 2013, while borrowings of $1.7 billion were down 17.9%. The declines reflectOFG’s strategic decision of relying less on investment securities financed through wholesale funding as a source of net interest income.

Stockholders’ Equity

·         Total stockholders’ equity of $870.9 million was level with the first quarter of 2013 as growth in retained earnings largely offset a reduction in accumulated other comprehensive income from lower unrealized gains on investment securities.On a per common share basis, tangible book value of $13.49 compares with $13.46 in the first quarter of 2013.

Other 2Q13 Highlights

·         Credit quality, excluding acquired and covered loans, remained strong. Excluding the impact of reclassifying NPLs to held-for-sale, net credit losses of $5.0 million compare to $3.4 million in the preceding quarter. NPLs of $88.5 million declined from $130.5 million in the preceding quarter primarily due to moving non-performing residential mortgage loans, which were originated prior to 2009, to held-for-sale. The allowance for loan and lease losses as a percentage of loans held for investments increased to 2.57% from 2.89% in the preceding quarter. Credit quality of the acquired BBVA PR loans was in line with expectations.

·         Regulatory capital ratios improved across the board and continue to be above requirements for a well-capitalized institution.

·         Compared to the precedingquarter, tangible common equity to total tangible assets of 7.32% increased from 7.13%, leverage capital ratio of 8.54% increased from 8.07%, tier 1 risk-based capital ratio increased to 13.79% from 13.01%, and total risk-based capital ratio increased to 15.83% from 15.03%.

Conference Call

A conference call to discuss OFG’s resultsfor the second quarter of 2013, outlook and related matters will be held Tuesday, July 23, 2013 at 10:00 AM Eastern Time. The call will be accessible live via a webcast on OFG’s Investor Relations website at www.ofgbancorp.com. A webcast replay will be available shortly thereafter. Access the webcast link in advance to download any necessary software.

Full Financial Tables

Full financial tables for 2Q13 can be found on the Webcasts, Presentations & Other Files page, on OFG’s Investor Relations website at www.ofgbancorp.com.

About OFG Bancorp

Now in its 49th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S. and Puerto Rico banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a full range of commercial, consumer and mortgage banking services, as well as financial planning, trust, insurance, investment brokerage and investment banking services, primarily in Puerto Rico, through 56 financial centers. Investor information can be found at www.ofgbancorp.com.

Forward Looking Statements

The information included in this document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and involve certain risks and uncertainties that may cause actual results to differ materially from those expressed in the forward-looking statements.

Factors that might cause such a difference include, but are not limited to (i) difficulties in integrating the acquired Puerto Rico operations of Banco Bilbao VizcayaArgentaria, S.A (BBVA PR) into OFG’s operations; (ii) the amounts by which our assumptions related to the acquisition fail to approximate actual results; (iii) the rate of growth in the economy and employment levels, as well as general business and economic conditions; (iv) changes in interest rates, as well as the magnitude of such changes; (v) the fiscal and monetary policies of the federal government and its agencies; (vi) changes in federal bank regulatory and supervisory policies, including required levels of capital; (vii) the relative strength or weakness of the consumer and commercial credit sectors and of the real estate market in Puerto Rico; (viii) the performance of the stock and bond markets; (ix) competition in the financial services industry; (x) possible legislative, tax or regulatory changes; and (xi) difficulties in combining the operations of any other acquired entity.

For a discussion of such factors and certain risks and uncertainties to which OFG is subject, see OFG’s annual report on Form 10-K for the year ended December 31, 2012, as well as its other filings with the U.S. Securities and Exchange Commission. Other than to the extent required by applicable law, including the requirements of applicable securities laws, OFG assumes no obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements.

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Contacts

Puerto Rico: Alexandra López (allopez@ofgbancorp.com), OFG Bancorp, (787) 522-6970

US: Steven Anreder (steven.anreder@anreder.com) and Gary Fishman (gary.fishman@anreder.com), Anreder& Company, (212) 532-3232